Samsung faces gloomy second quarter

|About: Samsung Electronics Co., Ltd. (SSNLF)|By:, SA News Editor

Execs at Samsung (SSNLF) are not expecting great results this quarter, after announcing that company performance has been declining. Shares have fallen 8.5% so far this month, after a string of downgrades in earnings forecasts.

“It doesn’t look too good,” says CFO Lee Sang-hoon, in reference to second quarter results.

The company is scheduled to report its second-quarter earnings estimates in early July.